Credit rating agencies are closely monitoring the ongoing debt ceiling debate in Washington, with Fitch placing America in the rating watch negative zone. The debt ceiling crisis has led to a decline in the price of Metacade (MCADE) and other cryptocurrencies and stocks.
However, the decline is not due to bad fundamentals, but rather the ongoing risk-off sentiment among market participants. Despite the concerns, the debt ceiling issue presents a good opportunity for investors to buy into declines in key financial assets such as Metacade and stocks, as historically, deals have been reached on the last day. Additionally, Metacade has strong fundamentals as a new blockchain project with a gaming product expected to be vastly superior to existing products, and is in an industry expected to grow over the next few years.
All Comments